On the Wednesday edition of the Journalists' Hangout, the strike action by the JUNSUN was discussed and Babajide Kolade-Otitoju accused the Nigerian Governors of playing the major role in the strike action against the Judiciary staff in Nigeria.Here's an excerpt of Babajide Kolade-Otitoju's statement: "The President of the JUNSUN didn't just make a decision to go on strike.
Today's Headlines: 400 Suspects Arrested For Funding Boko Haram; Bola Tinubu Is Backed For President
Report has it that 400 suspects have been arrested for funding Boko Haram terrorists and bandits.The businessmen were apprehended in an operation organised by the Defence Intelligence Agency (DIA), and in collaboration with the Department of State Services (DSS), Central Bank of Nigeria (CBN) and Nigerian Financial Intelligence Unit (NFIU).
The Central Bank of Nigeria has been advised to freeze bills belonging to the Minister of Communications and digital financial system, Isa Pantami.The calls was made through an #EndSARS campaigner, Rinu Oduala.Rinu stated Pantami’s money owed must be frozen over his beyond arguable remarks supporting the sports of terrorist organizations which include Taliban and Al-Qaeda.
Nigerian Youth activist, Rinu Oduala has thrown a serious question to the Governor of River Central Bank of Nigeria, Godwin Emefiele regarding the embattled Minister of Communication and Digital Economy, Isa Pantami.The youth activist asked the CBN governor when he is going to freeze the bank accounts of Isa Pantami following allegations of his ties and support for terrorists.
The Central Bank of Nigeria (CBN) recently announced the addition of NGN 50 billion (USD 120 million) to its Targeted Credit Facility, a stimulus program for micro-, small and medium-sized enterprises (MSMEs) as well as households affected by the pandemic.The funding will be disbursed through NIRSAL Microfinance Bank, which is minority-owned by CBN’s Nigerian Incentive-based Risk Sharing System for Agricultural Lending (NIRSAL).
According to CBN report, Nigeria's trade deficit increased month on month from $1.69 billion in December to $2.5 billion in January, despite the fact that international trade totaled $8.14 billion during the same period.According to the January 2021 Economic Survey, capital imports decreased by 31% from $550 million in December 2020 to $380 million in January.
On February 5, the Central Bank of Nigeria (CBN) directed banks and other Nigeria’s financial institutions to stop dealing with anything that has to do with cryptocurrencies, still recent data shows that Nigerians are using alternative ways to deal with the crypto.The CBN can ban Naira to Crypto or Crypto to Naira conversion, but trading cannot be controlled by the CBN Bitcoin analytic data provider (Usefultulips) indicates that the dealing of crypto's P2P trading in the country increased by 27% since the CBN restriction took effect.
The National President of National Association of Microfinance Banks (NAMB) Yusuf Ahmed Gyallesu has revealed that over 60% of the current 874 microfinance banks operating in Nigeria will close down because of the recapitalization policy of the Central Bank of Nigeria (CBN).According to him there used to be three types of Microfinance bank licenses.
Today's Headlines: Fuel Price Won't Increase, Buhari Is A Good Listener - APC tells Nigerians; Governor Ganduje Gives Judges N100 Million Medical Allowance
Governor Ganduje Gives Judges N100 Million Allowance Governor Abdullahi Ganduje says he has paid over N100 million as medical allowances to high court judges in Kano.Mr Ganduje stated this when he received members of the Nigerian Bar Association (NBA) Kano chapter.“We also paid over N20 million as allowances for magistrates and Sharia Court judges,” said the governor.
Hope your day wasn't stressful?Hope you had a nice day?I know you've had a long day and you are looking for a way to let off the steam.I have decided to help you let off the steam by gathering a few funny replies to tweets.
No fewer than nine people who took part in the recent attack against Professor Chukwuma Soludo have been nabbed.Professor Chukwuma Soludo This was revealed on Wednesday by Chief Willie Obiano, Anambra state governor.The governor said nine gunmen who took part in the attack have been captured.
Some groups of gunmen attacked the former governor of the central bank of Nigeria, Soludo.They killed some policeman in the attack and the attackers have now been apprehended by the police.Three policeman lost their lives in the attack and nine suspects have now been arrested.
N60 Billion: Wike Reveals 2 Vital Things That Show Loophole In FG's Claim About Obaseki's Allegation
Governor Nyesom Wike of Rivers State has finally spoken on the allegation that the federal government of Nigeria through the Central Bank of Nigeria (CBN) printed huge sum of money said to be up to N60 Billion.The allegation was made by Governor Godwin Obaseki of Edo State who is also a member of the opposition Peoples Democratic Party, PDP like Wike.
The Minister of Finance, Zainab Ahmed has added more fuel to the fire that was burning after Governor Godwin Obaseki alleged that the Federal Government printed about N60 billion to support the March FAAC allocation.Speaking in a live Nigeria Television Authority (NTA) programme monitored by various news media outlets, Zainab Ahmed said that the state governments had pressurized the federal government to borrow about N50 billion from the Central Bank of Nigeria.
Fuel Subsidy Rises To 500bn, NNPC Rules Out Price Hike With the Federal Government leaving the pump price of Premium Motor Spirit (petrol) unchanged in the first five months of this year despite the increase in global oil prices, subsidy on the product is estimated to gulp N500bn in the period.
Rivers State governor, Nyesom Wike has backed Godwin Obaseki's claims of a purported N60 billion that was printed by the Central Bank of Nigeria to offset the recent payment of monthly allocations to states from the Federal Government.Edo State governor, Obaseki had stunned Nigerians when he revealed that the CBN physically printed the humongous sum of money in a desperate bid to settle allocations to states as it seemed there wasn't enough cash in government vaults.
It was today reported that the Department of State Services, (DSS) and other security agencies, with the help of the Nigerian Financial Intelligence Unit, (NFIU) and the CBN have succeeded in arresting about 400 Nigerians who were alleged to be sponsoring Boko Haram terrorist group in Nigeria.
The Central Bank of Nigeria (CBN) announced its plan on Friday, April 16, 2021, to ban importers of sugar and wheat from entering Nigeria's official foreign exchange market.In a tweet announcing the upcoming policy, CBN announced that Nigerians need to work hard to prove that these foods are produced locally.
Let me start by saying that I believe Nigerians are unaware of the fact that the Central Bank of Nigeria, CBN, purportedly printed about 60 billion Naira to support Nigeria government.Kudos to Godwin Obaseki, the executive governor of Edo State for making this revelation to Nigerians, had it not been Obaseki, this episode would have been swept under carpet.
Experts Fault CBN Governor, NESG Says N60bn Printing Not Susutainable Former Deputy Governor of the Central Bank of Nigeria (CBN), Dr. Obadiah Mailafia, and a professor of Polical Economy, Utomi Pat, have faulted Central Bank governor's, Godwin Emiefele, justification of printing more money to aid the Federal Government.